Direct Parent PLUS Loan


A Direct Parent PLUS loan is a federal loan that parents of dependent undergraduate students can use to help pay for their student’s college. A Direct Parent PLUS loan can help pay for education expenses not covered by other financial aid.

A credit check will be performed during the application process. If you have an adverse credit history, you may still receive a Direct Parent PLUS Loan through one of these two options:

  • Obtaining an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the Direct Parent PLUS Loan if you do not repay it.
    • If you choose to obtain an endorser he or she may complete the process by visiting to complete the Endorser Addendum electronically. Your endorser will need:
      • An FSA ID (obtained at
      • Endorser Code or Award ID and Borrower’s Last Name
        • The endorser code will be provided to you in an email and is also available on the Web site.
      • Once an endorser is APPROVED, the parent borrower must complete a new Master Promissory Note with the endorser listed as a reference. Even if you have completed a Parent PLUS MPN previously, a new MPN must be completed anytime a Direct Parent PLUS Loan is approved with an endorser.
  • Appeal the credit decision by documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances relating to your adverse credit history.
    • To request an appeal, log in to and select “Document Extenuating Circumstances.”

With either option 1 or option 2, you also must also complete credit counseling for PLUS loan borrowers on the website.

Additional Unsubsidized  Direct Loan funds are available to a student whose parent(s) apply for a Parent PLUS loan and are denied due to adverse credit history. Parents who do not wish to pursue either an endorser or an appeal should indicate “I do not want to pursue a Direct PLUS Loan at this time” when completing their application to ensure additional eligibility is offered.


  • Does not require financial need
  • Borrower must pass a basic credit check
  • Available to parents of dependent undergraduate students enrolled at least half-time
  • The parent borrower my request that repayment be postponed until 6 months after student ceases to be enrolled at least half-time during the application processes online at

Max Amount

Cost of education minus other financial assistance

Interest Rate


How to Apply

  • File a FAFSA
  • Parent borrower completes a PLUS Loan application on
  • Borrower must not have an adverse credit history


Repayment begins 60 days after disbursement unless the parent requests an in-school deferment during the application process